India Hospitality Corp. Reports Financial Results as of March 31, 2008 Sep 23, 2008
17 EMPLOYEE BENEFITS Employee benefits are provided through a defined benefit plan as well as certain defined contribution plans ... Short-term employee benefits are recognised for the number of paid leave days (usually holiday entitlement) remaining at the balance sheet date. (PR Newswire)
Two visions for health care overhaul Sep 23, 2008
The $2,500 individual credit and the $5,000 family credit likely would offset the higher taxes from employee benefits with money left over to deposit in a Health Savings Account to pay other expenses. For example, $12,000 is the average benefit for health care for a family and employers pay taxes on about 75 percent of that, she said. (MSNBC -- Health)
Ormond commissioners say no backroom deals led to firing Sep 22, 2008
The group of Brown & Brown employees stayed late into the night a few times to make it clear they were dismayed with a series of events that led to their company being passed over to serve as the city's agent of record for employee benefits ... Commissioner Lori Gillooly said she thinks the employee benefits process still needs to be remedied, and she hopes commissioners can discuss that during a meeting early next year with the new city manager. (Daytona Beach News Journal)
Cost Crunch Q&A Sep 22, 2008
Of all the employee benefits companies provide their staff, health insurance has the biggest impact on the bottom line. And its costs keep mounting for both employers and employees. (South Florida Business Journal, FL)
Business in brief Sep 21, 2008
NIM has experts in every area of employee benefits, including 401(k) plans, defined benefit plans, cafeteria plans, 403(b)s and employee stock ownership plans, she said. Duane Mayer, the other former partner in APS, will join a NIM actuarial team to work on defined benefit pension plans, including those in Alaska. (Anchorage Daily News)
Is your 401(k) plan protected Sep 20, 2008
The Employee Benefits Security Administration, a division of the U.S. Department of Labor, is responsible for protecting pensions, health plans and other employee benefits held by about 150 million workers. EBSA often files lawsuits to recover money taken in cases of fraud or theft from 401(k) accounts, and other federal agencies file criminal charges when necessary to recover stolen funds. (San Diego Union-Tribune -- Business)
Property taxes may rise but revenue will drop Sep 20, 2008
In addition to declining property tax revenues, the city expects state and permit-fee revenues to drop even as energy and employee benefits costs go up. Revenue decreases could come from people not paying their property taxes, not needing as many building permits or from declines in interest earned on city funds, Czymbor said. (Florida Times-Union)
Around Town -- September is the month for gettng checked out Sep 19, 2008
Whitney is a senior consultant Congratulations to Jennifer Whitney, who recently joined Longfellow Benefits, Boston-based benefits consultants and brokers, as a senior consultant in employee benefits. Jennifer has more than 20 years experience in employee benefits and was most recently an account manager with a large national brokerage firm ... She is currently pursuing her CEBS (Certified Employee Benefits Specialist) designation. (Scituate Mariner, MA)
BUSINESS BRIEFCASE Sep 19, 2008
Members focus their practices on one or more of the following: life insurance and annuities, health insurance and employee benefits, multiline, and financial advising and investments. NAIFA s mission is to advocate for a positive legislative and regulatory environment, enhance business and professional skills, and promote the ethical conduct of its members. (DeKalb Daily Chronicle, IL)
Chicago area insurance firm buys Summit Insurance Group Sep 18, 2008
They will be a wonderful complement to our employee benefits team, and we are pleased to welcome Buddy and his team to our growing Gallagher family of professionals. Arthur J. Gallagher & Co. (NYSE: AJG) is an international insurance brokerage and risk management services firm. (San Antonio Business Journal, TX)
Sprenger + Lang and Schneider Wallace File Consumer Class Action Complaint Against DirecTV, Inc. Alleging Unlawful Early Termination Fees Sep 18, 2008
Our firm has also litigated large cases involving employee benefits including Employee Retirement & Income Security Act (ERISA), Fair Labor Standards Act (FLSA), and WARN Act claims. The firm is featured in the book Class Action, which discusses a gender discrimination class action lawsuit that the firm successfully prosecuted for over ten years and inspired the film North Country. (Yahoo! Wire -- Entertainment News)
Wis. sales tax 'streamlining' would generate millions Sep 17, 2008
Myturn wrote on Sep 17, 2008 9:04 AM:" Business running for the border. Government employee pay scales and benefit packages greatly disproportionate compared to private sector workers. Funding shortages that will cripple us looming for those same government employee benefits that there is 'NO' way we can cover. Huge Corporations being 'kept alive' with our tax money while the very same high ranking officials are walking away with $10-15 million dollar golden parachute packages, each. Local... (La Crosse Tribune, WI)
Standard Life buys Vebnet Sep 17, 2008
2m cash for Vebnet, a developer of software for the employee benefits market. The company was floated on Aim in 2003 with a market value of 8. (Financial Times)
O'Melveny, Robins Kaplan Help Put Bear Market in Background for $121 Million Best Buy-Napster Deal Sep 16, 2008
In addition to Krinsky, the O'Melveny deal team included Steve Camahort, Andor Terner, Thomas Leary, employee benefits partner Jeffrey Waldbridge, tax partner Robert Rizzi, labor and employment counsel Adam Karr and Gordon Krischer, antitrust partner David Beddow, M&A counsel Megan Gess, corporate finance counsel Shelly Heyduk, IP counsel Andrew Dolak, employee benefits counsel Christopher Del Rosso, antitrust counsel Scott Reiter, and associates Nikole Kingston, Phil Audette, Alison Taub and... (Law.com)
Employer costs in the Midwest inch up in June Sep 16, 2008
Employer costs for employee compensation are based on the National Compensation Survey, which measures costs for wages, salaries and employee benefits. Reader Comments. (Wichita Business Journal, KS)
Obituaries appearing Sept. 16 in The Daily Times Sep 16, 2008
She was a coordinator and bookkeeper of all the employee benefits programs for all locations for Val Spar Paints in in Ardmore. She was previously employed as a shop time clerk for Baldwin Lima Hamilton Locomotive. (The Delaware County Times, PA)
HRAs, HSAs, wellness programs sought for medical savings Sep 15, 2008
With health care costs expected to increase more than 10 percent next year, insurance brokers who handle employee benefits products say businesses that provide the products to their workers are looking to save money any way they can. Companies increasingly are interested in health reimbursement accounts, health savings accounts and more creative benefit plan designs, said Julie Freidus, VP and manager of the employee benefits department at ... John Fraser, senior VP of the employee benefits... (Tampa Bay Business Journal, FL)
ING Awards Over $240,000 to Innovative Educators Across the United States Sep 13, 2008
In the U.S., the ING (NYSE: ) family of companies offer a comprehensive array of financial services to retail and institutional clients, which includes life insurance, retirement plans, mutual funds, managed accounts, alternative investments, direct banking, institutional investment management, annuities, employee benefits, financial planning, and reinsurance. ING holds top-tier rankings in key U.S. markets and serves over 17 million customers across the nation. (PR Newswire)
YMCA of Southern Indiana to hold job fair Sep 12, 2008
Employee benefits include a free YMCA membership, which is reciprocal between the two branches. Reader Comments. (Louisville Business First, KY)
Employees Gain Benefits, Wages in Waste Management Plan Sep 11, 2008
Central States has threatened to cut employee benefits and is pressing Waste Management and other employers to up their fund contributions. Central States' deteriorating condition landed it on the Treasury Department's "critical status" list, reserved for funds in grave condition. (PR Newswire)
Full Story » Sep 11, 2008
Co-pays are becoming more important because of a move to consumer-driven health care, due to the fact that many employers are changing employee benefits so they can afford to offer them. Insurance companies are putting more of the burden on employees, Denton said. (Sebastopol Sonoma West Publishing, CA)
Opinion: TAB says dont contain selectmen's health care perk, expand it Sep 11, 2008
Yet, the undisputed reality is that our town faces a structural deficit that is growing by $2 million per year and that employee benefits are the No.1 budget buster. The editor chose to publish the editorial before even seeing the articles or their accompanying explanation. (Brookline TAB, MA)
WasteManagement details contract offer to Teamsters Sep 11, 2008
Waste Management said that Central States has threatened to cut employee benefits if Teamsters 200 withdraws and is pressing the company and other employers to increase their fund contributions. Central States decision to strip these benefits from our employees is outrageous, Fleming said. (Racine Journal Times, WI)
Costs shifting to workers to save on health plans Sep 11, 2008
In addition to the annual health care benefits survey, HCTrends publishes a newsletter and sponsors white paper symposiums to discuss trends and solutions to health care and employee benefits challenges, Jensen said. Reader Comments. (Milwaukee Business Journal, WI)
Financial Confidence and Empowerment High Among Black Women But Investment Experience, Accumulated Savings Lag Sep 10, 2008
" About ING ING is a global financial institution of Dutch origin offering banking, investments, life insurance and retirement services to over 85 million private, corporate and institutional clients in more than 50 countries. With a diverse workforce of over 130,000 people, ING comprises a broad spectrum of prominent companies that increasingly serve their clients under the ING brand. In the U.S., the ING (NYSE: ) family of companies offer a comprehensive array of financial services to retail... (PR Newswire)
Health care rates still rising as employers seek alternatives Sep 10, 2008
The third-largest purchaser of employee benefits in the nation covers more than 1. 2 million active and retired state and local government public employees and family members. (Sacramento Business Journal, CA)
8 businesses file suit to halt minimum-wage law Sep 10, 2008
As a result of Amendment 42, the plaintiffs say they ve been forced to raise prices, decrease staff hours, terminate workers, and decrease or eliminate employee benefits. Implementation of the minimum wage law has substantially damaged business for the plaintiffs, the lawsuit said. (Denver Business Journal, CO)
Wimbledon confirm move to prize money equality Sep 10, 2008
Women to receive same rewards as men for first time. Thursday February 22 2007 11:29 GMT. (Yahoo News -- Women's Issues)
Allen U. Lenzmeier and Joseph J. McErlane Join the American TeleCare (ATI) Board of Directors Sep 10, 2008
Joseph J. McErlane has more than 35 years of experience in the employee benefits industry ... employee benefits industry. (Yahoo News -- Press Releases)
> High costs, global competition drive benefit changes Sep 10, 2008
A combination of government intervention and economic factors has forced changes in employee benefits in past decades, including shifts in health insurance coverage among many employers, the increase of 401(k) retirement plans and the subsequent decline of defined-benefit pension and retiree health care coverage. Responsibility is the buzzword for employees: more financial responsibility and more decision-making responsibility, both for health care and retirement. (Milwaukee Business Journal, WI)
FOCUS ON INSURANCE: Gearing up for a fight Sep 10, 2008
But, according to Baas, a law that requires paid sick leave would not increase the size of the employee benefits pie, but instead would dictate how big one slice has to be. The referendum goes against the marketplace, Baas said. (Milwaukee Business Journal, WI)
Siobhan Canty's new venture Sep 9, 2008
Her new clients include the , a volunteer-focused unit of the Atlanta-based Points of Light Institute, and The World Benefits, a new San-Francisco-based employee benefits company that advises corporate clients on becoming more socially and environmentally conscious. Reader Comments. (Washington Business Journal, DC)
Aon Re Global: Reinsurers Strong Amid Credit Crisis Sep 8, 2008
Aon also was ranked by A.M. Best as the number one insurance broker based on brokerage revenues in 2007 and 2008, and was voted best insurance intermediary, best reinsurance intermediary, and best employee benefits consulting firm in 2007 and 2008 by the readers of Business Insurance. Media Contacts Chicago: Rahsaan Johnson, 1. (PR Newswire)
NH Local Government Center worker arrested Sep 6, 2008
HealthTrust is a nonprofit employee benefits pool that serves towns, cities, counties and schools in new Hampshire. The center said that Concord Police continued with its own investigation even after determining that no tapes or enrollee data were missing. (Concord Monitor)
Account manager - sales - junior hunter=big money - base F500 Sep 6, 2008
Our client is one of the largest marketers of employee benefits in the United States, we offer the product diversity and security customers seek in a benefits provider ... Our client is one of the largest marketers of employee benefits in the United States, we offer the product diversity and security customers seek in a benefits provider. (The Clarion-Ledger)
Alloy Reports Second Quarter Fiscal 2008 Results Sep 5, 2008
1) million for the first six months of fiscal 2007, primarily driven by lower professional fees, technology costs and employee benefits. Operating loss decreased 7% to $(5. (Yahoo! Wire -- Entertainment News)
Novel Charges Stand Against Lawyer in Benefits Fraud Case Sep 4, 2008
Prosecutors from the Eastern District of New York U.S. Attorney's Office obtained the indictment of Steven Coren of Coren & Associates last year on charges that he helped clients divert for their own use money supposedly set aside for employee benefits ... The government contends the lawyer used his position as trustee to help clients pocket more than $1 million they certified was being used for employee benefits ... Coren also argued that criminal charges should be dismissed because the... (Law.com)
Pay-as-you-go civil service pensions will not help needy Sep 4, 2008
Rosemary Hunter is a lawyer and director of Hunter Employee Benefits Law. She writes in her personal capacity. (Business Report, South Africa)
Coors gets perfect score on GLBT listing Sep 3, 2008
But Coors began to change its image a dozen years ago with the adoption of a policy extending employee benefits to the same-sex partners of its workers. Coors was the only Colorado company to receive the highest marks by the Human Rights Campaign Foundation. (Denver Business Journal, CO)
World's mega cities expand as millions quit the countryside Sep 3, 2008
national employee benefits consulting firm currently seeking a full-time defined contributions consultant. the detail-oriented person they are seeking must be. (Yahoo News -- Population Issues)
Local Briefcase Aug 31, 2008
Janet Engstrom has joined the organization as an employee benefits enrollment and eligibility specialist. She has prior experience in the Benefits and Wholesale Accounting departments at Heritage Propane and also has 15 years of banking experience. (Helena Independent Record, MT)
Rajesh Relan, Managing Director, Metlife India Aug 30, 2008
As per a MetLife survey, (International Employee Benefits Trends (iEBTS), and the sixth annual US study of Employee Benefits Trends (EBTS)), over 80 per cent Indian employees have done no retirement planning independent of any mandatory government plans. Despite worries about funding a comfortable retirement or outliving their retirement savings, many full-time workers in developing and mature economies, have taken few or no independent steps to plan for retirement. (India Times)
Worker Assets Shrink at Fannie and Freddie Aug 29, 2008
If you are going to invest in a single security, employer stock is a particularly stupid one to invest in because your human capital is tied up with your financial capital, said Norman Stein, a professor at the University of Alabama Law School and a specialist in pension and employee benefits law. Employee stock ownership plans, which many companies have embraced for their tax benefits, can be particularly dangerous if workers do not have diversified investments elsewhere. (Atlanta Journal-Constitution -- Business)
Plan worries retirees Aug 28, 2008
Idaho State Journal Cynthia Ness, the State of Idaho Employee Benefits Administrative Manager, left and Teresa Luna, governor Otters Chief of Staff, talk to a group of State employees at the Pond Student Union Wednesday morning about possible cuts in retiree benefits. More News. (Pocatello Idaho State Journal, ID)
Health care help for Nevada employee partners pushed, but where's the money? Aug 28, 2008
In fact, the Public Employee Benefits (PEB) Board - whose members are gubernatorial appointees - isn't including the funding in recommendations. So said Leslie Johnstone, executive officer for the board, who added that means a legislator would have to propose the additional money and shepherd it successfully into law if the current monetary cost projection is to be met. (KRNV.com, NV)
Growth decline sends city looking for money Aug 28, 2008
Putting salaries and employee benefits first Coffee said, "This is where the money went in this budget.". Some funding was proposed for handicapped access to the police station and maintenance for the Council-mandated city-wide clean up costs. (Elgin Courier, TX)
School board lowers budget by $2 million Aug 28, 2008
The budget also reflects increases in the costs of employee benefits, energy and diesel fuel. The system is expecting to spend 200,000 more on diesel fuel during the next fiscal year. (Columbia Daily Herald, TN)
City discusses windmills, eminent domain, state tax credits Aug 27, 2008
Wake up, get off your sofas and get active, soon Farmington Police will be cut, general services slahed, all employee benefits trampled and the citizens will be coy sheep in bed with the wolves. Energy-vote for and pass that. (Park Hills Daily Journal, MO)
Warsaw hears ‘08-09 budget Aug 27, 2008
Expenses for the school district are salaries, employee benefits, purchased services, supplies, capital outlay, other expenses such as fees and dues, contingencies and debt principal and interest. For this school year, Warsaw's education fund is 3. (Carthage (Hancock County) Journal Pilot, IL)
Millions spent on covering employees Aug 26, 2008
According to Naveen K Midha, senior vice-president and head of the employee benefits vertical at Willis India Insurance Brokers, a general thumb rule for key-person insurance followed over the world recommends that a key person in an organisation be insured for at least five times the net profit of the company over the past three years. So, with both ICICI Bank and HDFC consistently turning in annual profits in excess of Rs 1,000 crore for the past few years, the premium figures are not hard to... (India Times)
BMO Financial Group Reports Third Quarter Net Income of $521 Million Aug 26, 2008
8%, primarily due to increased strategic initiative spending and higher capital tax expense, partially offset by lower employee benefits costs. We continue to invest in the business through the expansion and renovation of our branch network and expanding our mortgage specialist and financial planner workforce to drive incremental sales. (Canada Newswire)
Outdoor rooms: Take the best design ideas outside Aug 26, 2008
We like the convenience of being able to cook and grill and do everything out there in a living room fashion, said Rob Ruinen, a regional vice president in the employee benefits industry. High design. (Atlanta Journal-Constitution -- Metro)
Insurance broker EPIC opens in S.F. Aug 26, 2008
EPIC was launched in June 2007 by former chief executive Francis and Hahn, the founder of and former president of EPIC recently added eight new staffers in Orange County, opened the Los Angeles office in mid-July and brought on other new personnel, including Dennis Tumminia, its new principal for employee benefits in San Francisco. Tumminia had been director of employee benefits consulting at in San Francisco. (San Francisco Business Times, CA)
City of Sparks lays off more employees due to declining revenues Aug 26, 2008
To help employees transition, the city has placed laid off employees on paid administrative leave and will maintain employee benefits through the month of September. City of Sparks lays off more employees due to declinin. (KRNV.com, NV)
Hortica to name successor to slain chairman Aug 26, 2008
Insurance & Employee Benefits board members will meet Wednesday and Thursday and decide who will replace their chairman after he was fatally stabbed this month in China. Todd Bachman, 62, his wife, Barbara, and daughter Elisabeth Bachman McCutcheon, a former Olympic volleyball player, were visiting an ancient tower when he and his wife were by a Chinese man. (St. Louis Business Journal, MO)
BLP Financial results for the period ended 30 June 2008 Aug 25, 2008
Short-term employee benefits Post- Employment benefits Long-term employee benefits Year Salary STIP relating to current period Super- annuation Long Service Leave Share Based Equity settled 1 Share Based Cash settled Total $ $ $ $ $ $ Directors Michael Maxwell 2008 75,000 - - - - - 75,000 2007 75,000 - - - - - 75,000 Michael Balkin 3 2008 450,000 - - - - - 450,000 2007 400,000 - - - - - 400,000 Robert Wright 2008 77,983 - 7,019 - - - 85,002 2007 89,567 - 8,061 - - - 97,628 Richard Gelski 2008... (Sydney Morning Herald)
School district will work with $4.5 million budget, public can review Aug 23, 2008
Expenditures or expenses for the school district, as outlined by the Illinois State Board of Education, are salaries, employee benefits, purchased services, supplies, capital outlay, other expenses such as fees and dues, contingencies and debt principal and interest. The education fund is the largest fund in any school district. (Keokuk Daily Gate City, IO)
Auditor appointment process takes step forward Aug 23, 2008
If we did get an independent contractor, it would be a bargain because there wouldn t be employee benefits. Mullaney suggested looking for an independent contractor, rather than a salaried employee, to fill the auditor s position. (Braintree Forum, MA)
Aon to Acquire Benfield Group Limited Aug 22, 2008
Aon also was ranked by A.M. Best as the number one global insurance brokerage in 2007 and 2008 based on brokerage revenues, and voted best insurance intermediary, best reinsurance intermediary, and best employee benefits consulting firm in 2007 and 2008 by the readers of Business Insurance. For more information on Aon, log onto. (PR Newswire)
The Magic Number for Your Retirement Aug 22, 2008
Perhaps that's why, according to the Employee Benefits Research Institute, the majority of Americans haven't ever tried to estimate how much they should be saving. But don't despair -- Roger Ibbotson is here. (MSNBC -- Business)
A Disaster Recovery Plan for Small Business Aug 22, 2008
More than 150 carriers rely on it for personal and commercial insurance, as well as health, life and employee benefits. To cope with steady growth and safeguard its data, Yates investigated the possibility of moving to a faster backup platform and establishing a collocated data center off site. (EnterpriseStorageForum)
First Place Financial Corp. Announces Additional Other-Than-Temporary Impairment for June 30, 2008 and Updates Earnings Aug 20, 2008
5) Noninterest expense Salaries and employee benefits 10,156 8,625 17. 8 40,875 35,951 13. (PR Newswire)
JHX - Q1 FY09 Results Aug 20, 2008
6 Accrued payroll and employee benefits 20. 8 0. (Sydney Morning Herald)
New Survey Shows Consumer-Driven Health Plans Continue To Grow Aug 19, 2008
UBA members provide employee benefits consulting, brokerage services, and best-in-class products to more than 37,000 private corporations and public employers across the U.S. and internationally. As trusted advisors, UBA members help their clients manage approximately $16. (PR Newswire)
McCain Plans Rally for 10,000 After Obama Speech... Aug 19, 2008
In 2002, before the Massachusetts Supreme Judicial Court declared same-sex marriage protected by the Constitution, Romney denounced as "too extreme" the effort by pro-family groups to enact a preemptive state Marriage Protection Amendment prohibiting homosexual marriage, civil unions and same-sex public employee benefits. - Boston Phoenix, May 14-20, 2004. (The Drudge Report)
